Inflation Pushes Rents to Record High, New York City’s Climb Above $4,000

Inflation Pushes Rents to Record High, New York City’s Climb Above $4,000
The micro apartment building Carmel Place in New York. Cameron Blaylock/Quinn via AP
Bryan Jung
Updated:
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Inflation is pushing rent to new highs, as more than half of U.S. metropolitan areas have witnessed double-digit rent increases, with even some of the “hotter” regions in the Sun Belt showing signs of cooling down, according to the Zumper National Rent Index for August.

Many renters who were already facing high rents are also facing a dire situation as eviction moratoriums begin to end across the country.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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